Project management is defined as a systemized approach to defining, organizing, planning, monitoring and controlling projects.\u00a0 In order for a project to be run even somewhat efficiently, these key aspects of project management must be present.\u00a0 Unfortunately, even if all of these aspects are run well within a project, not everything will be perfect and there will likely be some setbacks.<\/p>\n
In the era of technology that we live in, some projects have been taken over by algorithms and robots, and I wouldn\u2019t be shocked if this trend continued.\u00a0 But most projects still require human labor in order to be executed.\u00a0 Before any project is started there must be people in place that are capable of doing the job.\u00a0 This is an important part of any project in order for anything to get done.<\/p>\n
A lot of people like to focus on the tasks within a project and the final goal, but it is interesting to look at what group or team is being set to take on the task.\u00a0 I was fortunate enough this past summer to be included in the expansion plans of the company I worked for.\u00a0 Witnessing all of the moving parts of organizing and planning was great experience and makes me think about what goes on within other projects when I see them.<\/p>\n
Recently, Arby\u2019s acquired Buffalo Wild Wings for about $2.9billion, but this is only the start of a much bigger project.\u00a0 Executives have created Inspire Brands Inc., which will now oversee Arby\u2019s and the newly purchased Buffalo Wild Wings.\u00a0 Inspire Brands Inc. will look into many more acquisitions across different sectors to create a different kind of restaurant experience.<\/p>\n
Merging the two restaurant chains and trying to turn around Buffalo Wild Wings\u2019 struggling financials are already big projects, but looking to acquire even more pieces to this greater puzzle will make everything even more complex.\u00a0 Taking the right steps in managing this project will be important moving forward to make sure that each acquisition is a smart one.<\/p>\n
Some aspects of managing this big project can go back to the fundamentals of project management.\u00a0 Inspire has already defined what its plan is moving forward, but now the firm will have to get the right people into place in order to organize, plan, monitor, and control all of its future moves.<\/p>\n
In a project as big as this one, there are some things that might be important to consider.\u00a0 After seeing a small-scale expansion this past summer and the challenges that came along with it, I can\u2019t help but think of the challenges that might be faced during this much larger project.\u00a0 Consider what some challenges might be moving forward for Inspire and what some options may be to help improve how the project could be managed.<\/p>\n
<\/p>\n
Links:<\/p>\n
http:\/\/www.mcall.com\/business\/retail\/mc-biz-arbys-buffalo-wild-wings-20180205-story.html<\/p>\n
https:\/\/www.qsrmagazine.com\/news\/arbys-ceo-were-not-done-buying-brands-after-bww<\/p>\n","protected":false},"excerpt":{"rendered":"
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